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Share Name Share Symbol Market Type Share ISIN Share Description
Urban Logistics Reit Plc LSE:SHED London Ordinary Share GB00BYV8MN78 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.75 -1.02% 169.00 168.00 170.00 170.50 169.00 170.50 720,359 15:21:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 24.2 47.6 21.7 7.8 549

Urban Logistics Reit Share Discussion Threads

Showing 201 to 223 of 450 messages
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
DateSubjectAuthorDiscuss
08/4/2020
16:13
90% rent is great, I agree, tho wasn't much shut-down to end of March, ie next quarter end will be more interesting. But I agree Last Mile is a sweet spot. Unit Trust selling will be massive and indiscriminate tho, & won't have started yet. Some of that will be warehouse end. Another bull point for SHED - at some point they'll likely get bought out, in the same way HSTN was. Having held since 100p, getting caught out in the 137.5p placing when Selftrade didn't pull my request in time, and averaging on the dip, I guess today's RNS was the nudge for me to take profit. Will aim to avoid deramping it on here whilst I'm out.
spectoacc
08/4/2020
16:08
Turn it around. They have just had over 90% rent paid during a shut down, BBOX have had similar. The seller of these assets one would expect are also having their rent paid. Why would you sell at massive discount in 6 months? Shopping centers will struggle as will pubcos but i cant see falls in logistic property's. Yes some retailers will go under like Debs but others such as Primark will want to offer online and expand after this.
dhoult12
08/4/2020
15:52
Don't get me wrong, I love SHED - they've done everything they set out to do, and by chance brilliantly timed that fundraising. But having the cash, surely now was the time to consolidate, support the tenants they've got, be completely immune from any debt issues, then dive in when capital values fall. Not pay more or less the same prices (based on yields) they'd have paid pre-Covid. They're not going bust, they're in a favourable sector, but whether these acquisitions look good in 12 months, I suspect they'd have been cheaper in 6 months. And that's not to knock c.6% yields in a 0.1% interest rate world, but is to knock tenant security. Yield is 0% if the tenant's gone bust & no one clamouring for the space. They traded through the last two cycles, they ought to know this. Maybe Last Mile really will prove to be the one winning sector. Or maybe they just hold the opposite view on Covid-19.
spectoacc
08/4/2020
15:47
Will those acquisitions look value in 12 months time?. BOD don't exactly hold a shed load of shares?.
essentialinvestor
08/4/2020
15:41
True, but. We're avoiding the mass unemployment by the govnt borrowing the money and paying 80% (of both furloughed and self-employed). Not convinced that's any better. And re "...Shop, restaurant owner.." - trends of failing High St & less eating out seem highly likely to accelerate, at least until 12/18 months time when there'll hopefully be a vaccine. I can't see all those jobs coming back. There should at least be some pent-up demand, but most of the GDP being lost now is not going to be recovered - people won't suddenly eat out twice as much to make up..
spectoacc
08/4/2020
15:34
US employment is very different to European. Typically workers do not have contracts (even at wall street trading firms), hence the whole "i quit" and "your sacked today" in the movies. As such any shop, restaurant owner etc can literally just let all their staff go the same day when told to shut and then rehire all again on the day they open. Most will do that. Leads to a lot more volatility in those figures. Numbers look extreme due to that culture - we have not had mass closures like this even in wartime. We also haven't had mass openings which will come. Time will tell the impact.
dhoult12
08/4/2020
13:30
10m US unemployed within days says depression baked in, duration the only question. But fair point re stimulus, tho the resultant debt brings its own problems (surely no more austerity?). Fair point on real assets too, tho gold surely the main one :)
spectoacc
08/4/2020
12:14
Agreed, i personally do not think there will be a depression. I can see central banks overstepping the mark, some are even talking about direct purchasing of government debt in the primary bond auction market. That is just printing money the old school way! i would much rather hold assets than cash in that environment. We will see, all guess work at the moment.
dhoult12
08/4/2020
11:44
Dhoult the ingredients are there for a depression but the counterbalance is the huge liquidity injection and business support measures that every govt has taken. Exactly whether the latter is sufficient to limit it to a recession is dependent on how long it goes on for imo. My other measure of confidence, others may see it as weakness or being foolhardy, is those businesses, along with there funders, who recognise the world has changed and work together to survive it by all sharing in the pain. By constraining certain insolvency actions for three months and hopefully longer it will encourage joint solutions and not legal redress and leave a lot more intact. Currently though there is so much uncertainty that the market is surely only reflecting hope not certainty so not good for a long term investor like myself. Those with balls have done very well but it could easily step down again but suspect it will tread water for a few weeks but at first sign of relaxation it will no doubt surge.
nickrl
08/4/2020
11:40
Credit to BBOX and yes - selling most equities :) (Tho some simply don't have a market).
spectoacc
08/4/2020
11:07
If you think there will be a depression i would sell all equities not just SHED. Current prices are a bet on a reasonable recovery and an asset based hedge against inflation that may occur based on all the QE printed so far. BBOX has already risen a lot in the last couple of weeks and strong buyers there.
dhoult12
08/4/2020
10:21
Agreed, there's no particular pressure to sell, no indication on prices, and with the notable exception of SHED, hardly any buyers. Some of those UT's could be gated a year or more IMO.
spectoacc
08/4/2020
09:58
Specto with so many prop funds gated currently and the ability of the fund mgrs to sell somewhat impaired by the restrictions i concur that there are no forced sellers in the market. However, how many gated just to prevent selling (ie were cash rich so may not be forced sellers) and how many were already cash poor so had to gate (will be forced sellers at some point). These funds could sit in suspended animation for months as being able to value them is going to be difficult so may not become sellers for sometime yet. Im sure the smart mgrs have already furloughed there staff as well but are still collecting the fees.
nickrl
08/4/2020
07:26
"Highlights: § £56.1 million of acquisitions at an average net initial yield ("NIY") of 6.3%, comprising: § a portfolio of seven single-let regional distribution warehouses for £31.9 million at 6.8% NIY § an NHS distribution centre in Normanton for £13.0 million at 5.2% NIY § a regional distribution centre in Rubery for £5.5 million at 6.0% NIY § conditional agreement for the forward funding of a high-quality logistics property on a 3-acre site in Peterborough § Acquisitions are funded from the proceeds of March's £136.1 million capital raise § Further portfolio in the final stages of acquisition, expected to complete in April § 93% of rents for the quarter to June 2020 collected as at the date of this announcement, (compared to 91% at the same time last year) § Robust balance sheet: § As at the date of this announcement, £94 million of available cash resources § Current debt facility matures in December 2022 § Significant covenant headroom § Advanced discussions regarding increased banking facilities" Depending on price, I'm out on this. Yes, there's still cash. Yes, they're trading v well - they're still the quality operator in the sector, and in one of the very few sweet spots. Look at their rent collection vs everyone else. But my (probably well-known!) views on Covid-19, relapse, depression, recession, says that any acquisitions made at 6-something-% yield aren't cutting the mustard for me in this market. Those are yields for the world we've just left. Doubt the Unit Trust forced sellers have even started yet.
spectoacc
07/4/2020
15:12
The job of the board is to improve the long term value of the equity. It is not to micromanage the perception. RNS junkies are the investors they could not care less about.
chucko1
07/4/2020
14:58
Ah Horndean. You want companies to update the market when they haven't done anything? I think that's a durrr... If they have bought a portfolio they would've announced it if it was material. If thickos sold at the bottom they sold to me, so thanks very much.
eezymunny
07/4/2020
14:29
Not very familiar with listing/disclosure rules to know whether they should make an announcement but suspect not. They've updated the results of the placing and indicated they are exploring transaction but till it completes they don't need to say anything. Maybe because of the extraordinary situation the information is more market sensitive than usual but it currently doesn't materially change the profitability of the business. How much rent they've taken in the qtr does affect profitability i would suggest but there not the only company yet to update.
nickrl
07/4/2020
13:19
I am sure the management will tell us if they agree a deal or pull out of previous plans. Until then we have to assume matters are still under discussion. This is normal business. If you don't have confidence in the management then you shouldn't be investing in the company.
jombaston
07/4/2020
11:42
They are not too busy to issue an RNS. It doesn't take a huge amount of effort. Others on the board were wondering about the cash position. Just stating it and reminding the market wouldn't have gone amiss. There were a lot of sellers who ended up taking hefty losses unnecessarily because the company didn't feel the need to update. Im sure they are quite aggrieved and wouldn't be too upset with the language I used. Admittedly there are a lot more people out there deserving.
horndean eagle
07/4/2020
11:05
Why wouldn't you go and update the market to confirm that you have have a strong cash position when your shares are going through the floor. His reply was they are very busy and they would look into it. It is disdain. I feel sorry for those who sold out and took hefty losses because of the inaction of the company.
horndean eagle
07/4/2020
11:04
"Useless sh*ts" seemed a bit much too :) SHED one of my better performers (always, and helped by an avg).
spectoacc
07/4/2020
10:51
Scumbags? Calm down - that is totally uncalled for...
belgraviaboy
06/4/2020
19:55
Expect an announcement before 21 st ( special dividend)
jbarcroftr
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
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